Beardsell Ltd
Incorporated in 1936, Beardsell Ltd is a manufacturer and supplier of Expanded Polystyrene products and Prefabricated
Building[1]
- Market Cap ₹ 92.7 Cr.
- Current Price ₹ 23.5
- High / Low ₹ 38.6 / 23.0
- Stock P/E 10.6
- Book Value ₹ 21.7
- Dividend Yield 0.43 %
- ROCE 15.3 %
- ROE 12.6 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 1.08 times its book value
- Company has delivered good profit growth of 48.8% CAGR over last 5 years
Cons
- Company has a low return on equity of 13.1% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Other Industrial Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 105 | 129 | 148 | 167 | 148 | 170 | 139 | 121 | 173 | 220 | 231 | 251 | 263 | |
| 99 | 123 | 136 | 150 | 143 | 163 | 129 | 112 | 162 | 202 | 213 | 231 | 243 | |
| Operating Profit | 6 | 6 | 12 | 17 | 5 | 6 | 10 | 9 | 11 | 18 | 18 | 20 | 20 |
| OPM % | 5% | 5% | 8% | 10% | 3% | 4% | 7% | 7% | 6% | 8% | 8% | 8% | 8% |
| 1 | 2 | 2 | 2 | 4 | 2 | 2 | 1 | 3 | 2 | 4 | 2 | 2 | |
| Interest | 2 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 3 | 3 |
| Depreciation | 2 | 3 | 3 | 3 | 3 | 3 | 5 | 5 | 5 | 5 | 6 | 6 | 6 |
| Profit before tax | 2 | -0 | 5 | 11 | 0 | -0 | 2 | 0 | 4 | 11 | 12 | 12 | 13 |
| Tax % | 37% | 83% | 36% | 38% | -60% | 47% | 29% | 150% | 28% | 25% | 34% | 23% | |
| 1 | -0 | 3 | 7 | 1 | -1 | 1 | -0 | 3 | 8 | 8 | 10 | 9 | |
| EPS in Rs | 0.35 | -0.03 | 0.89 | 1.87 | 0.17 | -0.18 | 0.29 | -0.06 | 0.77 | 2.24 | 2.01 | 2.43 | 2.21 |
| Dividend Payout % | 36% | -468% | 17% | 10% | 104% | -99% | 26% | -122% | 13% | 4% | 5% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 13% |
| 3 Years: | 13% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 49% |
| 3 Years: | 47% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 20% |
| 3 Years: | 3% |
| 1 Year: | -18% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 10% |
| 3 Years: | 13% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 7 | 7 | 8 | 8 | 8 |
| Reserves | 29 | 28 | 30 | 36 | 35 | 35 | 35 | 34 | 44 | 52 | 63 | 73 | 78 |
| 26 | 32 | 30 | 30 | 36 | 36 | 34 | 31 | 22 | 30 | 28 | 26 | 28 | |
| 25 | 30 | 37 | 35 | 34 | 37 | 36 | 41 | 43 | 50 | 50 | 57 | 55 | |
| Total Liabilities | 84 | 95 | 102 | 106 | 111 | 114 | 110 | 112 | 117 | 139 | 150 | 164 | 168 |
| 40 | 40 | 40 | 40 | 35 | 34 | 37 | 35 | 32 | 32 | 45 | 49 | 49 | |
| CWIP | 2 | 3 | 2 | 0 | 1 | 2 | 1 | 1 | 0 | 9 | 2 | 0 | 1 |
| Investments | 0 | 1 | 2 | 2 | 2 | 2 | 2 | 5 | 5 | 5 | 5 | 6 | 6 |
| 42 | 50 | 59 | 64 | 72 | 76 | 70 | 71 | 79 | 92 | 97 | 109 | 113 | |
| Total Assets | 84 | 95 | 102 | 106 | 111 | 114 | 110 | 112 | 117 | 139 | 150 | 164 | 168 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | 11 | 5 | -4 | 8 | 11 | 11 | 7 | 12 | 11 | 14 | |
| -10 | -4 | -3 | -0 | 3 | -2 | 1 | -2 | -3 | -10 | -11 | -7 | |
| 10 | 1 | -9 | -5 | 2 | -4 | -14 | -3 | -6 | -1 | -5 | -5 | |
| Net Cash Flow | 2 | -2 | -0 | 0 | -0 | 2 | -2 | 6 | -1 | 1 | -5 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 65 | 62 | 77 | 103 | 97 | 102 | 110 | 84 | 83 | 80 | 91 |
| Inventory Days | 38 | 34 | 28 | 28 | 34 | 30 | 45 | 65 | 44 | 42 | 42 | 38 |
| Days Payable | 88 | 86 | 99 | 85 | 90 | 82 | 112 | 148 | 91 | 91 | 73 | 78 |
| Cash Conversion Cycle | 22 | 13 | -9 | 20 | 47 | 45 | 35 | 27 | 37 | 34 | 49 | 50 |
| Working Capital Days | -12 | -7 | 9 | 24 | 29 | 5 | 15 | 21 | 26 | 18 | 30 | 33 |
| ROCE % | 8% | 7% | 16% | 23% | 3% | 6% | 8% | 7% | 11% | 18% | 17% | 15% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Total Manufacturing Units Number |
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| Revenue Mix - Insulation Segment % |
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| EPoS Capacity Utilization - Tamil Nadu Plant % |
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| EPoS Capacity Utilization - Thane Plant % |
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| Revenue Contribution - EPS Division % |
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| Revenue Contribution - Prefab Segment % |
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| Raw Material Consumption - Expandable Polystyrene Tonnes |
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| Raw Material Consumption - PPGI Coils Tonnes |
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| Installed Capacity - EPS (Expanded Polystyrene) Metric Tonnes |
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| Installed Capacity - Isobuild Panels sq. mt. |
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| Installed Capacity - Quikbuild Panels sq. mt. |
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Documents
Announcements
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Copy of Newspaper Publication
17 February 2026 - 17 Feb 2026 newspaper ads confirm dispatch of BeardSell postal ballot notice; copies on company website.
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Shareholders meeting
16 February 2026 - Postal ballot to approve material RPTs (₹30Cr purchases, ₹15Cr sales; ₹4.4Cr guarantee) and reappoint Whole-time Director.
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Appointment
11 February 2026 - Reappointment of Mrs Anumolu Jayasree as Whole-time Director for three years from 1 April 2026; board approved 11 Feb 2026.
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Outcome of Board Meeting
11 February 2026 - Unaudited standalone & consolidated results for quarter ended 31 Dec 2025 approved; limited review unmodified.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
25 January 2026 - Compliance certificate under Regulation 74(5) for quarter ended 31 Dec 2025 received from Cameo Corporate Services.
Annual reports
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Financial Year 2025
from nse
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Financial Year 2024
from web
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Financial Year 2024
from nse
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Financial Year 2023
from nse
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Financial Year 2023
from bse
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Financial Year 2022
from nse
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Financial Year 2022
from bse
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Financial Year 2021
from nse
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Financial Year 2021
from bse
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Financial Year 2020
from nse
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Financial Year 2020
from bse
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Financial Year 2019
from nse
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Financial Year 2019
from bse
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Financial Year 2018
from nse
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Financial Year 2018
from bse
Business Overview:[1]
BSL is a manufacturer and supplier of Expanded Polystyrene products, popularly known as thermocole and Prefabricated Buildings. It undertakes erection, commissioning and maintenance works in hot and cold insulation solutions. Company also has trading operations in domestic and international market